ProShare Advisors LLC Sells 12,139 Shares of Hyster-Yale, Inc. $HY

ProShare Advisors LLC trimmed its position in Hyster-Yale, Inc. (NYSE:HY) by 7.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,602 shares of the industrial products company’s stock after selling 12,139 shares during the period. ProShare Advisors LLC’s holdings in Hyster-Yale were worth $5,991,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE grew its position in Hyster-Yale by 15.2% during the 1st quarter. US Bancorp DE now owns 1,989 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 263 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Hyster-Yale by 25.8% in the first quarter. Quantbot Technologies LP now owns 4,073 shares of the industrial products company’s stock valued at $169,000 after acquiring an additional 835 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Hyster-Yale by 1,641.5% during the second quarter. Public Employees Retirement System of Ohio now owns 4,319 shares of the industrial products company’s stock valued at $172,000 after buying an additional 4,071 shares during the last quarter. Amundi lifted its position in Hyster-Yale by 10.1% during the first quarter. Amundi now owns 4,844 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 444 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in Hyster-Yale by 4.5% in the 1st quarter. Inspire Investing LLC now owns 8,232 shares of the industrial products company’s stock worth $342,000 after acquiring an additional 358 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Trading Down 1.9%

HY stock opened at $29.22 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.65 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average is $35.77 and its 200 day moving average is $38.65. Hyster-Yale, Inc. has a 12-month low of $29.04 and a 12-month high of $58.72. The stock has a market cap of $517.72 million, a price-to-earnings ratio of 23.56 and a beta of 1.57.

Hyster-Yale (NYSE:HY) last announced its quarterly earnings data on Tuesday, November 4th. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12). Hyster-Yale had a return on equity of 9.57% and a net margin of 0.56%.The company had revenue of $979.10 million for the quarter, compared to analysts’ expectations of $955.69 million. On average, sell-side analysts anticipate that Hyster-Yale, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, December 1st. Hyster-Yale’s payout ratio is 1,028.57%.

Wall Street Analyst Weigh In

Several research analysts have commented on HY shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyster-Yale in a report on Wednesday, October 8th. Zacks Research upgraded Hyster-Yale from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Roth Capital set a $40.00 price target on shares of Hyster-Yale in a report on Thursday, November 6th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hyster-Yale currently has a consensus rating of “Hold” and a consensus target price of $40.00.

Hyster-Yale Profile

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.